DANGOTE Petroleum Refinery and Petrochemicals FZE has increased the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,185 to N1,200 per litre, effective August 26, 2026.
News Point Nigeria reports that the latest adjustment was communicated to customers in an official notice issued on Tuesday by the refinery’s Group Commercial Operations, announcing revised depot prices for gantry and coastal deliveries.
The email, titled “PMS Price Change Communication (N1,185 per Litre To N1,200 Per Litre),” directed customers to take note of the revised Dangote Petroleum Refinery and Petrochemicals (DPRP) PMS gantry and coastal prices, which took effect on August 26, 2026.
According to the table contained in the notice, the coastal price increased from N1,562,265 per metric tonne to N1,582,380, while the gantry price rose from N1,185 to N1,200 per litre.
The refinery also directed customers to return all Authorisation to Collect documents for repricing, adding that a new volume contract would be issued to enable immediate resumption of loading.
“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate loading resumption. Should you require any further clarification, please do not hesitate to contact us,” the notice said.
The latest adjustment represents a N15 per litre increase in the gantry price and comes barely days after the refinery raised the price from N1,165 to N1,185 per litre.
The previous increase took effect from midnight on August 21, 2026, according to industry trackers.
However, the latest hike comes against the backdrop of falling international crude oil prices.
Data from Oilprice.com on Tuesday showed West Texas Intermediate crude trading at $82.13 per barrel, down $2.88, or 3.39 per cent, while Brent crude stood at $88.37 per barrel, declining by $3.80, or 4.12 per cent.
Murban crude also fell to $92.71 per barrel, shedding $8.73, or 8.61 per cent.
News Point Nigeria gathered that marketers and depot operators who received the circular might have begun returning existing ATCs for repricing in line with the refinery’s directive.
The N15 increase could result in higher pump prices as oil marketers factor transportation, landing and other downstream costs into the new price.
Petrol is expected to return to an average of N1,250 per litre.
The Dangote Group has yet to respond to messages from our correspondent.
The latest price increase comes at a time of renewed volatility in the international oil market amid the ongoing US-Iran conflict.
Reuters reported that oil prices fell as investors viewed the latest US sanctions against Iran as less threatening to global oil supplies than a military escalation.
However, analysts warned that the decline could be an overreaction, noting that prices could rise sharply if Iran retaliates militarily.
Reuters also reported that supply disruption risks remained, with only two commodity vessels transiting the Strait of Hormuz on Monday, the lowest daily tally since early May.
The waterway handled about one-fifth of global oil consumption before the conflict began, leaving the market vulnerable to further disruptions.